I will not be reselling the home for that 150-155k but predicting that the assessed value will come in at that due to the condition the home was in prior to it being assessed at 130 k.  

Now they get a house that is pretty close to new condition and buyers like that

This afternoon another Mortgage company, Gold Star financial told me it should not be a problem regarding the appraisal categorizing the house in fair condition.

Could be wrong but the conditions are such as this: 1.

The impending snowboarding conditions if it all pans out!

You may wonder why the hell we offered so much.First, a three bedroom unit in good (but not great) condition in this complex just sold for $171,500.  

@Jay Hinrichs Hey we're not seeing that same thing after testing it under your user conditions...

However the general economy of the Allentown area seems a bit stronger, but houses in the same condition there cost a good bit more.I'd be hiring a property management company most likely, since I'm not local and this would be my first property, so this is going to be a big learning experience for me.If anyone has any thoughts, I'd love to hear them!

We bought the property (in great condition!)

Go talk to the town - zoning, building, and health departments.